3 Quantitative Problem: You are given the following information for Wine and Cork Enterprises (WCE):

r_RF = 4%; r_M = 7%; RP_M = 3%, and beta = 1.2

What is WCE's required rate of return? Do not round intermediate calculations. Round your answer to two decimal places.

Quantitative Problem: You are given the following information for Wine and Cork Enterprises (WCE): rRF=4%;rM=7%;RPMM=3%, and beta =1.2 What is WCE's required rate of return? Do not round intermediate calculations. Round your answer to two decimal places. % 0 decimal places. % two decimal places. %